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                    [ArticleID] => 278893
                    [Title] => VAT amendments seen to raise Customs collections
                    [Summary] => The amendments to the value added tax (VAT) law are expected to add P5 billion to P10 billion to the 2005 collections of the Bureau of Customs (BOC).


The BOC said its collections will benefit from the lifting of the exemption of such imported products as oil and petroleum products which are not previously covered by the VAT law. 


According to BOC chairman Alberto Lina  the bureau had collected a total of P122.47 billion in 2004 and its target for 2005 was P151.18 billion – the highest in the BOC history. 


                    [DatePublished] => 2005-05-24 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 1096655
                    [AuthorName] =>  Des  Ferriols
                    [SectionName] => Business
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DAVAO AND ROBERTO ELLIVERA

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                    [ArticleID] => 278893
                    [Title] => VAT amendments seen to raise Customs collections
                    [Summary] => The amendments to the value added tax (VAT) law are expected to add P5 billion to P10 billion to the 2005 collections of the Bureau of Customs (BOC).


The BOC said its collections will benefit from the lifting of the exemption of such imported products as oil and petroleum products which are not previously covered by the VAT law. 


According to BOC chairman Alberto Lina  the bureau had collected a total of P122.47 billion in 2004 and its target for 2005 was P151.18 billion – the highest in the BOC history. 


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abtest

VAT amendments seen to raise Customs collections

By Des Ferriols | May 24, 2005 - 12:00am

The amendments to the value added tax (VAT) law are expected to add P5 billion to P10 billion to the 2005 collections of the Bureau of Customs (BOC). The BOC said its collections will benefit from the lifting of...

Business